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Ethereum Staking Sees 377,101 Ether (ETH) Net Outflow in One Week

Dune Analytics counted 43.94 million Ether (ETH) staked on Oct. 15, or 35.20% of supply. The staking APR was 2.47% on Oct. 25.

Updated 2 min read
An anonymous technician checks validator hardware in a blockchain workspace in Zug, Switzerland / TokenPost.ai (mono)
An anonymous technician checks validator hardware in a blockchain workspace in Zug, Switzerland / TokenPost.ai (mono)

Dune Analytics' listed weekly flow figures imply net outflows of 377,101 Ether (ETH) during Oct. 9-15, while the network's total staked balance remained above 43.9 million ETH.

Dune's snapshot for Oct. 15 counted 43,943,968 ETH on the network, or 35.20% of supply. Across Oct. 9-15, deposits totaled 34,128 ETH, compared with 396,937 ETH in principal withdrawals and 14,292 ETH in reward withdrawals. The withdrawal components add to 411,229 ETH; after deposits are subtracted, they imply a 377,101 ETH net outflow.

Staking APR held at 2.46% each day from Oct. 18 through Oct. 24, then reached 2.47% on Oct. 25. Dune's update that day put 1,295,920 ETH in the queue to enter staking, with a 22.97-day estimated wait. The exit side held 913 ETH and had an estimated 1.11-day wait. Funds took an average 7.1 days to reach withdrawal addresses after exiting.

Among named providers, Lido held 9,466,303 ETH, about 21.5% of the total. Binance had 3,273,297 ETH, or 7.4%, and ether.fi held 1,754,376 ETH, or 4%. Kraken, Coinbase and Figment held 1,640,879 ETH, 1,433,710 ETH and 1,315,667 ETH, respectively.

The October snapshot follows a quarter in which staking balances also rose. Bitwise's Oct. 20 report gave the third-quarter average gross annualized staking yield as 2.63% and put September-end active validator balances at 43.8 million ETH. EconoTimes previously covered Bitwise's report on validator balances and staking yields. The quarterly validator figure and Dune's Oct. 15 staked balance refer to different dates and measures.

Ethereum validators commit 32 ETH to operate a validator and receive rewards. The entry and exit queues show estimated waits for participants seeking to join or leave staking, while weekly flows track deposits and withdrawals.

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